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Please Help! Beckham Corporation has semiannual bonds outstanding with nine years to maturity that are currently priced at $794.08. If the bonds have a coupon

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Beckham Corporation has semiannual bonds outstanding with nine years to maturity that are currently priced at $794.08. If the bonds have a coupon rate of 6 percent, then what is the aftertax cost of debt for Beckham if its marginal tax rate is 27 percent? Complete the calculation using the effective annual yield (EAY) for the bond. 7.06% none of these 6.29% 6.89% 6.14%

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